This offering is an opportunity to acquire a rare infill, freehold townhouse development site in West Kelowna. The 3.21 acre site is fully zoned for townhouses and offsite servicing work is complete. Initial site plan concepts indicate 52-54 units can be achieved. The project will benefit from views to the southeast of Okanagan Lake, close proximity to Shannon Lake and the extensive list of amenities of Westbank, only minutes away. With low supply of more affordable townhouse product, the West Kelowna market is experiencing rapid absorption and price escalation as the real estate market in BC takes off.
3401 Sundance Drive
The subject site has been rezoned to R4 for townhouse with a density up 1.0 FSR. Two site plan concepts have been created, indicating 52-54 units are possible on the site, depending on unit mix and internal road configuration. Preliminary drawings show a mixture of 1,500-1,800 square foot townhomes; however final design remains flexible as the development permit application has yet to be submitted.
The subject site is located on the north side of Highway 97 near Shannon Lake, only 6 minutes past the downtown core of Westbank. The future townhomes will be a few blocks from Shannon Lake Elementary and the close proximity to Highway 97 will provide quick access throughout the region.